Hello traders!
After forming lower lows and lower highs price couldn’t break to the downside and formed a double bottom. Price then reversed and formed a higher high and now made a retracement to form a higher low. We can now expect a next move to the upside to the marked area.
If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
After forming lower lows and lower highs price couldn’t break to the downside and formed a double bottom. Price then reversed and formed a higher high and now made a retracement to form a higher low. We can now expect a next move to the upside to the marked area.
If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.